Global stocks shake off fears, as Asian stocks advanced, with US and European equities heading for a second-straight quarterly gain.
This development underscores investor optimism in the face of banking elevated interest rates.
The upbeat tone has been on display this week, with the S&P 500, climbing 0.6% Thursday in its third increase in four days.
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Also, the Nasdaq 100 rose 0.9% overnight, pushing further into a bull market.
There have been wild swings in yields this year, as investors struggle to adjust for banking collapses and the shifting outlook for interest rates amid high inflation and threats to economic growth.
Meanwhile, oil prices were slightly down in Asian morning trade on Friday, as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over US economic data on Friday.
Brent futures, which have risen nearly 6% this week, were down 19 cents, or -0.24%, at $79.08 a barrel in a.
US West Texas Intermediate (WTI) crude fell by 1 cent, or -0.01%, to $74.36, having gained about 8% this week.
Markets are now waiting for US spending and inflation data on Friday and the resulting impact on the US dollar.
